TORONTO \u2014 Strength in the technology sector helped Canada\u2019s main stock index finish more than 200 points higher, while U.S. markets also rose. <\/p>\n
Anish Chopra, managing director with Portfolio Management Corp., said that large U.S. tech stocks moved higher after concerns last week about the continuation of the AI boom. <\/p>\n
\u201cIt appears that investors are more positive that this artificial intelligence capital expenditure path forward, which is having a big impact on parts of the economy, will continue,\u201d he said. <\/p>\n
\u201cThat\u2019s given strength to some of the tech names, like Nvidia, which were under pressure last week.\u201d <\/p>\n
Chopra noted that the gains in the U.S. tech sector bleed over into Canadian markets, with Shopify Inc. adding the most points to the index, rising 6.18 per cent. <\/p>\n
Big tech stocks ticked higher to lead the way. Amazon added 1.1 per cent following its 5.1 per cent drop last week, and Microsoft rose 0.6 per cent to recover some of its 1.2 per cent decline. While their moves were modest, they were still two of the strongest forces lifting the S&P 500 Monday because they\u2019re two of Wall Street\u2019s most valuable stocks.<\/p>\n
Chopra said tech stocks were coming off a \u201ctougher week,\u201d but investors are seemingly more convinced on Monday \u201cthat the artificial intelligence boom will continue.\u201d <\/p>\n
\u201cI think that\u2019s partially due to the fact that the names are more attractive at lower prices. They sold off last week and given the more attractive valuations, investors have moved into that area,\u201d he said. <\/p>\n
The S&P\/TSX composite index was up 210.63 points at 29,971.91. <\/p>\n
In New York, the Dow Jones industrial average was up 68.78 points at 46,316.07. The S&P 500 index was up 17.51 points at 6,661.21, while the Nasdaq composite was up 107.09 points at 22,591.15. <\/p>\n
The other tech sector news Monday was the US$55 billion acquisition of video game maker Electronic Arts by an investor group that includes Saudi Arabia\u2019s sovereign wealth fund and a firm managed by U.S. President Donald Trump\u2019s son-in-law Jared Kushner. If it clears regulatory approval, the deal would be the largest ever private equity-funded buyout.<\/p>\n
Despite the gains in tech stocks, Chopra said there are some concerns regarding the U.S. economy, given the possibility of a government shutdown south of the border.<\/p>\n
The U.S. has already had many such shutdowns, and they\u2019ve made minimal waves in the past for the U.S. stock market and for the economy. But another shutdown could delay the collection and release of economic data, such as on jobs and inflation. <\/p>\n
Without those reports, increasing uncertainty on Wall Street could make markets more twitchy.<\/p>\n
\u201cThere\u2019s a bit of uncertainty in the market, and that\u2019s why you\u2019re getting just a very modest up day. Generally, the markets don\u2019t react much to U.S. government shutdown news because it tends to get resolved by the deadline, and that\u2019s what you\u2019re seeing,\u201d Chopra said. <\/p>\n
Elsewhere on the TSX, shares of Algoma Steel Group Inc. gained 3.27 per cent.<\/p>\n
The Ontario-based steel producer will receive $500 million in federal and provincial loan assistance to help reorient its business to cope with the impact of U.S. tariffs. RBC analyst James McGarragle says the cash could help set the company up for the longer term.<\/p>\n
The Canadian dollar traded for 71.83 cents US compared with 71.73 cents US on Friday.<\/p>\n
The November crude oil contract was down US$2.27 at US$63.45 per barrel. The December gold contract was up US$46.20 at US$3,855.20 an ounce.<\/p>\n
This report by The Canadian Press was first published Sept. 29, 2025. <\/p>\n
—<\/p>\n
Daniel Johnson, The Canadian Press. With files from The Associated Press.<\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO \u2014 Strength in the technology sector helped Canada\u2019s main stock index finish more than 200 points higher,…\n","protected":false},"author":2,"featured_media":93425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,179,18,1729,19,17,188],"class_list":{"0":"post-93424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-finance","12":"tag-ie","13":"tag-ireland","14":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/93424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=93424"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/93424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/93425"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=93424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=93424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=93424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}